Surgical Instruments Tracking Systems Market Report 2022 Top Companies Overview, Size, Share, Industry Growth

According to the latest report by IMARC Group, titled “Global Surgical Instruments Tracking Systems Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global surgical instrument tracking systems market reached a value of US$ 183.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 426.4 Million by 2027 exhibiting a CAGR of 14.30% during 2022-2027.

Surgical instrument tracking systems are utilized to manage inventory at various stages of surgical procedures to meet the needs of healthcare professionals and enhance the quality of patient care. They ensure the working of necessary instruments in real-time to assist in simplifying complex tasks, reducing case delays, improving operation safety, and managing workflow efficiently. Surgical instrument tracking systems also create detailed load records of defective devices and provide comprehensive insights into usage patterns. As a result, they find widespread utilization in private clinics, hospitals, and ambulatory surgery centers (ASCs) to collect surgical inventory data, minimize medical errors in operation theatres (OTs), and increase staff productivity.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

Surgical Instrument Tracking Systems Market Trends and Drivers:

The escalating number of individuals undergoing incision procedures is among the primary factors driving the surgical instrument tracking systems market. Besides this, the expanding geriatric population with chronic ailments, including arthritis, cancer, cardiovascular diseases (CVDs), and obesity, is further augmenting the market growth.

Apart from this, the development of comprehensive tracking systems integrated with the latest scanning equipment for the proper management of the central sterile supply department (CSSD) is also catalyzing the global market. Moreover, the elevating requirement for enhanced patient care and inventory administration is acting as another significant growth-inducing factor.

Furthermore, the introduction of data capture and automatic identification technologies, such as radio frequency identification (RFID) tags and two-dimensional (2D) barcodes, is anticipated to propel the surgical instrument tracking systems market over the forecasted period.

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Global Surgical Instrument Tracking Systems Market 2022-2027 Analysis and Segmentation:

 Competitive Landscape:

 The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Becton Dickinson and Company, Censis Technologies Inc. (Fortive), Fingerprint Medical Limited, Getinge AB (Carl Bennet AB), Haldor Advanced Technologies Ltd., Scanlan International, Spatrack Medical Limited, Steelco S.p.A. (Miele), Steris Corporation, Ternio Group LLC, TGX Medical Systems and Xerafy Singapore Pte Ltd.

The report has segmented the market on the basis of region, component, technology and end user.

Breakup by Component:

  • Hardware
  • Software
  • Services

Breakup by Technology:

  • Barcode Tracking
  • Radio Frequency Identification (RFID)

Breakup by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Research Centers
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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 Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Elena has been working in the market research industry for a while, wherein she has gained expertise knowledge and skills in creating tailored content based on client’s demands. Using her effective market research, writing, editing and proofreading skills, she has developed different forms of content, including reports, which has been published on the company’s website.
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